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Asian stocks fell for a second day, with a regional benchmark index heading for its biggest drop in two weeks, as Australia’s central bank cut its economic growth forecast and U.S. service industries rose less than forecast, sparking concern the global recovery may be faltering.
Nikkei 225 Closed
Hang Seng 21,068.17 -181.36 -0.85%
S&P/ASX 200 4,396.04 -32.92 -0.74%
Shanghai Composite 2,452.01 +11.93 +0.49%
Samsung Electronics Co., the world’s No. 1 mobile-phone maker by sales, fell 2.9 percent in Seoul.
Rio Tinto Group, the world’s third-biggest mining company, lost 1.1 percent in Sydney as metal prices dropped.
Sun Hung Kai Properties Ltd. lost 1.4 percent after Hong Kong’s biggest developer announced former Chairman Walter Kwok’s arrest.
Ascendas Real Estate Investment Trust slid 3.8 percent in Singapore after the industrial landlord sold shares at a discount.
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